It's hardly surprising that new Citigroup (C) CEO Michael Corbat - himself a company lifer - is choosing to build from within. But with its top three men knowing nothing but Citi life, the bank "risks blindly following the status quo and being resistant to change." Other dangers of tunnel vision: internal politics, risk aversion, and corruption.

Don't forget the heydays of the 80's and 90's when Citi was heralded for its superior viability in all markets....for its consistency in risk management for its leadership nationally and globally....These guys were there then and there now---amen! This is the best thing that could have happened to Citi. The days and legacy of Sandy Weill are exactly what Weill himself admits to being wrong. Now commences the resurrection of the ole' Citi---it's growth, it's insight and it's fantastic market metrics. Citi is doing a clean-up of and on itself. This stock is headed to the high 50's. Then the word will spread...."The ole' Citi has been resurrected!" Internally, they are doing what Citi veterans and old timers always do.... i.e., a very careful due diligence.Best to Citi, its 200 year legacy and its continued growth.

Is it always better to bring a new mgmt team from the outside? Not necessarily. Jamie Dimon built his team from within; GE built its team from within; Costco built its team from within. What would've happened if Citicorp never merged with Travelers? The key is to groom and promote the right person to the top and the team will execute his/her vision. A wrong executive will set back a company by a decade - Chuck Prince. What was Sandy Weill thinking?

I concur with U Vermille !Good due diligence is what needed to improve Citi from spending on what can be cut or to optimize operations like moving from low yield areas to strengthen the operations which yield more profit to maximize earnings.Also important that job layoffs are also in place since reducing operations is done in order to achieve better performance ^_^I believe Corbat can put Citi in better shape then its predecessor, Pandit though he had returned the Fed debt back of 45$ Billion on 2010 but still remains some parts of "Toxic Assets" regarding the bad mortgages that still unresolved. It's still better and lesser of toxic then it was back in 2008-2010 and improved since but still loom as a headwind...I believe that Citi will be in a much better place this year then 2012 even though it started to make a great move for the last half year & though some pull backs may occur I assume it will go on this trend after Corbat will do his optimization & improve investor confidence !

Andy Yeung, What would have happened if Citibank and Travelers had never merged? Byron Dorgan, Rep. from North Dakota said it best back in 1999. " I think we will all look back in 10 years time and say we should not have done this" when the three stooges Gramm-Leach-Blilely killed off Glass-Steagall. Here comes the new boss, same as the old boss.

It is so sad to see how soon Mike Corbat has succumbed to Citi's politics, by nominating 2 "CO" presidents... Why? This makes questionable Mike's will and/or ability to really cut expenses... Two "co"-presidents means two empires, two silos, too many guidance, too many more matrixes, much more confusion, and, unfortunately, this will be replicated down the bank into businesses. This company is not only too big to fail, but too complex to succeed, and Mike is not helping it. How smart is it to fire cleaning ladies and security guards (low ranking people) and make 2 "co"-presidents... (and how many more co-business heads in the near future?) I was once hopeful that Mike would be able to do something for Citi's shareholders... How naive I was...